tclo (OP)
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January 04, 2014, 11:17:10 AM Last edit: January 04, 2014, 05:42:12 PM by tclo |
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stuartcharles
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January 04, 2014, 11:27:03 AM |
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that is great news, the start of micro payments. Hope your ready with the fork Gavin ![Cool](https://bitcointalk.org/Smileys/default/cool.gif)
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GigaCoin
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January 04, 2014, 11:31:12 AM |
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nice
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runam0k
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Touchdown
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January 04, 2014, 11:33:04 AM |
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Depends on how "micro" these micro payments are.
Silly question, perhaps, but how would micro payments work if the default tx fee is bigger than the micro payment?
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BTCisthefuture
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January 04, 2014, 01:26:18 PM |
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Depends on how "micro" these micro payments are.
Silly question, perhaps, but how would micro payments work if the default tx fee is bigger than the micro payment?
They wouldn't if the fees were higher than the transaction. Microtransactions is a broad term , it can mean anything from pennies to things as high as about $9.99. For games like the ones zynga is offering bitcoin on a lot of the items you can buy are like 99cents 1.99 2.99 etc etc
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BTCisthefuture
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January 04, 2014, 01:30:48 PM |
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This is great news. There was a thread just a few weeks ago talking about how 2014 might be the year that gaming companies start accepting bitcoin as a payment option for in game items. Only a few days into the new year and it's already happening ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) . I would expect more companies to follow.
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jonanon
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January 04, 2014, 01:48:44 PM |
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Fantastic news, now we need more companies to follow suit. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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bryant.coleman
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January 04, 2014, 02:06:41 PM |
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We need more publicly listed companies to start accepting Bitcoin. Zynga is a good start.
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tclo (OP)
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January 04, 2014, 02:11:40 PM |
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We need more publicly listed companies to start accepting Bitcoin. Zynga is a good start.
Yes Overstock and Zynga so far and got to think it will start to snowball at some point.
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pening
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January 04, 2014, 02:31:19 PM |
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hmmm.... Another story saying a business will accept Bitcoins when actually they are using Bitpay as a payment processor. If i pay US based Widget Inc £100 for good through Paypal, does that mean they are accepting payments in £, or just providing a method for my £ to be transfered to their $ account easily?
Maybe its just semantics, but in my view a business isn't accepting BTC unless they are taking a BTC transaction directly to their wallet.
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Frost000
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January 04, 2014, 02:43:26 PM |
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hmmm.... Another story saying a business will accept Bitcoins when actually they are using Bitpay as a payment processor. If i pay US based Widget Inc £100 for good through Paypal, does that mean they are accepting payments in £, or just providing a method for my £ to be transfered to their $ account easily?
Maybe its just semantics, but in my view a business isn't accepting BTC unless they are taking a BTC transaction directly to their wallet.
I fully agree with you that business should go "full BTC" by actually having a wallet. But let's not forget that any business that begins to accept BTC, no matter how they process it on their end, is good for BTC in general. Besides, from a business perspective, if you don't want to play with BTC's market swings, converting to $ as a transaction comes through makes sense.
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BTCisthefuture
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January 04, 2014, 02:55:44 PM |
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hmmm.... Another story saying a business will accept Bitcoins when actually they are using Bitpay as a payment processor. If i pay US based Widget Inc £100 for good through Paypal, does that mean they are accepting payments in £, or just providing a method for my £ to be transfered to their $ account easily?
Maybe its just semantics, but in my view a business isn't accepting BTC unless they are taking a BTC transaction directly to their wallet.
People can pay with bitcoin, that's still "accepting" bitcoin as a payment. For many/most companies it makes sense to use a payment processor because they help reduce the negatives/risks of volatility with bitcoin and they provide instant transactions on most transactions and will eat the loss if a double spend happens , this alone is two big reasons why it makes great sense to use a payment processor.
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LiteCoinGuy
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January 04, 2014, 03:19:14 PM |
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nice news and cool video. very smooth transaction.
some infos about the company:
Revenue IncreaseUS$1.14 billion (2011)[2] Operating income DecreaseUS$-406 million (2011)[2] Net income DecreaseUS$-404 million (2011)[2] Total assets IncreaseUS$2.517 billion (2011)[2] Total equity IncreaseUS$1.75 billion (2011)[2] Employees 2,846 (Dec 2011)[2] Website company.zynga.com
Alexa rank Decrease 2,123 (November 2013)[3]
Users 240 million monthly active users, 15.1 million daily active
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bryant.coleman
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January 04, 2014, 03:36:12 PM |
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Users 240 million monthly active users, 15.1 million daily active
240 million active users? Is this for real? If so, we can't even dream of any better publicity than this one. Thanks Zynga!
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glub0x
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January 04, 2014, 03:37:55 PM |
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Users 240 million monthly active users, 15.1 million daily active
240 million active users? Is this for real? If so, we can't even dream of any better publicity than this one. Thanks Zynga! if true this is the wordpress of 2014.
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The cost of mediation increases transaction costs, limiting the minimum practical transaction size and cutting off the possibility for small casual transactionsSatoshi Nakamoto : https://bitcoin.org/bitcoin.pdf
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BitCoinNutJob
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January 04, 2014, 05:05:28 PM |
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cool
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Gabi
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January 04, 2014, 05:33:47 PM |
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This is a big news hmmm.... Another story saying a business will accept Bitcoins when actually they are using Bitpay as a payment processor. If i pay US based Widget Inc £100 for good through Paypal, does that mean they are accepting payments in £, or just providing a method for my £ to be transfered to their $ account easily?
Maybe its just semantics, but in my view a business isn't accepting BTC unless they are taking a BTC transaction directly to their wallet.
So since i'm european zynga should accept my euro and not convert them in dollars? They should also accept pound sterling without converting them? Accepting the other hundreds currencies without converting them? And what would they be supposed to do with bitcoin? Pay taxes? Pay salaries?
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tclo (OP)
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January 04, 2014, 05:37:19 PM |
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Users 240 million monthly active users, 15.1 million daily active
240 million active users? Is this for real? If so, we can't even dream of any better publicity than this one. Thanks Zynga! And Gox broke out and went up $40 this morning...probably related to some extent. This is only the beginning too, as we all know.
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Welsh
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January 04, 2014, 05:39:32 PM |
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More good news I see. More and more bigger companies are noticing and investing/accepting Bitcoin. Great news.
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pening
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January 04, 2014, 06:45:31 PM |
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This is a big news hmmm.... Another story saying a business will accept Bitcoins when actually they are using Bitpay as a payment processor. If i pay US based Widget Inc £100 for good through Paypal, does that mean they are accepting payments in £, or just providing a method for my £ to be transfered to their $ account easily?
Maybe its just semantics, but in my view a business isn't accepting BTC unless they are taking a BTC transaction directly to their wallet.
So since i'm european zynga should accept my euro and not convert them in dollars? They should also accept pound sterling without converting them? Accepting the other hundreds currencies without converting them? That's not what I said at all. I'm saying that when you pay your € to a vendor through a payment provider, we don't say that they are accepting € but that they are accepting payments through payment provider. The third party payment provider is accepting the currency. And what would they be supposed to do with bitcoin? Pay taxes? Pay salaries? Well yes, thats what alot are advocating. This is rather the point, until companies do take payments and make payments to suppliers and staff in BTC, its not widely being recognised fully as a currency.
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